Industrial Milk offers UAH 200 mln in local bonds

Industrial Milk offers UAH 200 mln in local bonds



15 червня 2012 года
Конкорд Капитал

Industrial Milk Company (IMC PW) announced yesterday that subsidiary Burat-Agro obtained a certificate of registration from Ukraine’s Securities and Exchange Commission for a UAH 200 mln bond issue. The bonds’ maturity date is June 26, 2014. Coupon interest rate is 14%, paid quarterly. The company plans to use proceeds to finance expansion. Industrial Milk has yet to sell the bonds.

Vitaliy Vavryshchuk: The announced interest rate seems far below the market – with the government’s one-year t-bills yielding 14%+, we think the company has to offer 20%+ interest to attract any material interest to its bonds.

Источник: Конкорд Капитал

Аналитик: Виталий Ваврищук
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